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2400 Tryon Rd
Raleigh, NC 27603
Asking Price
$1.04M
Asset Type
Commercial Land
Class
Class B
What's Special
2400 Tryon Rd, Raleigh, NC 27603 <ul><li>Sale Price: $1,045,000</li><li>Zoned R-10</li><li>Wake County Land Class: Apartment</li><li>Property is approx. 1.98 acres</li><li>Real Estate ID #0070927</li><li>Water and septic on-site; potential sewer tie-in at rear of property (subject to buyer verification)</li><li>.5 miles from signalized intersection</li><li>Fast growing area along Tryon Rd with commercial and multi-family filling in along the corridor.</li><li>Two single-family units on-site. One in shell condition and
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NOI
$80,000
Cap Rate
7.66%
DSCR
1.29
Strong
Cash-on-Cash
5.73%
Monthly Payment
$5,170.09
Annual Cash Flow
$17,958.922
